The Nigerian Investment Promotion Commission (NIPC), said it has secured an investment interest of over $547 million from Kalpataru Power Transmissions Limited, India, on two projects.
The projects are Public-Private Partnership (PPP) namely, the construction of a 132kv transmission line for $47 million in Borno, North eastern, and an 88km road for $500 million in Ondo State, South-West Nigeria.
This happened at the just-concluded Invest-In-Nigeria UAE Roundtable, which took place in Dubai, United Arab Emirates.
The Roundtable was attended by about 30 C-Level UAE investors, six state governments (represented by the CEOs of their Investment Promotion Agencies or Investment Companies).
It also drew other interests in the agribusiness sector, particularly in product trading and agro-processing, which are expected to further translate into investment.
The projects are Public-Private Partnership (PPP) namely, the construction of a 132kv transmission line for $47 million in Borno, North eastern, and an 88km road for $500 million in Ondo State, South-West Nigeria.
In his presentation, Acting Executive Secretary/CEO, NIPC, Emeka Offor, unveiled 19 agri-businesses and infrastructure projects, and took investors through Nigeria’s investment environment.
He said the NIPC is on hand to assist investors to navigate any challenges that they might encounter while venturing into the country.
The Round table was organised by NIPC in partnership with Commodities Development Initiative (CDI), an investment facilitation service provider.
Other NIPC partners at the event were Enyimba Economic City Development, Greenwich Merchant Bank, and NEXIM Bank.
